Buying Forest Labs` Stocks
Introduction
Forest Labs is a pharmaceutical company that develops, manufacture and sell branded forms of ethical drug products most of which require a physician's prescription. Most of the drags are marketed directly, to physicians with a mission that a CEO and President of Forest Labs Howard Solomon in his letter to shareholders defines as “to increase shareholder value by obtaining and successfully marketing more and more fine pharmaceutical products”. Forest`s product pipeline highly depends on the licensing and acquisition of new product opportunities, currently covering a wide range of therapeutic products, helping with cardiovascular disease, chronic obstructive pulmonary disease, major depressive disorder, diabetes, infectious disease, and pain management. Among products are: BYSTOLIC® (nebivolol), DALIRESP® (roflumilast), FETZIMA™ (levomilnacipran extended-release capsules), LINZESS® (linaclotide), NAMENDA® (memantine HCl), NAMENDA XR™ (memantine HCl), SAVELLA® (milnacipran HCl), TEFLARO® (ceftaroline fosamil) for injection, TUDORZA® PRESSAIR® (aclidinium bromide inhalation powder), and VIIBRYD® (vilazodone HCl).
Competitors include but not limited to Amgen, Genentech, Biogen, Genzyne Coproration, Merck Serono, Gilead Sciences, Medimmune, Life Technologies Corporation, Teva Pharmacetical Industries Limited and Sandoz International GmbH.
Company was founded in 1956 as a small laboratory service and by 60s quickly shifted from Lab Service to Generic Drug development business. In Mid-1980 Forest Labs started to focus on licensed brand-name drugs, and experienced a rapid revenue growth in early 1990s, as its income leapt to $40 million. Growth in late 90s was fueled by Celexa sales. Forest went public in 1967, started trading at $17.25, slowly and steadily went up to $55.38 per share in February of 1991 and did 2:1 stock split in March of the same year, next day trading started with opening price of $30.50 and closing price going up to $40.13. Forest
Forest Labs is a pharmaceutical company that develops, manufacture and sell branded forms of ethical drug products most of which require a physician's prescription. Most of the drags are marketed directly, to physicians with a mission that a CEO and President of Forest Labs Howard Solomon in his letter to shareholders defines as “to increase shareholder value by obtaining and successfully marketing more and more fine pharmaceutical products”. Forest`s product pipeline highly depends on the licensing and acquisition of new product opportunities, currently covering a wide range of therapeutic products, helping with cardiovascular disease, chronic obstructive pulmonary disease, major depressive disorder, diabetes, infectious disease, and pain management. Among products are: BYSTOLIC® (nebivolol), DALIRESP® (roflumilast), FETZIMA™ (levomilnacipran extended-release capsules), LINZESS® (linaclotide), NAMENDA® (memantine HCl), NAMENDA XR™ (memantine HCl), SAVELLA® (milnacipran HCl), TEFLARO® (ceftaroline fosamil) for injection, TUDORZA® PRESSAIR® (aclidinium bromide inhalation powder), and VIIBRYD® (vilazodone HCl).
Competitors include but not limited to Amgen, Genentech, Biogen, Genzyne Coproration, Merck Serono, Gilead Sciences, Medimmune, Life Technologies Corporation, Teva Pharmacetical Industries Limited and Sandoz International GmbH.
Company was founded in 1956 as a small laboratory service and by 60s quickly shifted from Lab Service to Generic Drug development business. In Mid-1980 Forest Labs started to focus on licensed brand-name drugs, and experienced a rapid revenue growth in early 1990s, as its income leapt to $40 million. Growth in late 90s was fueled by Celexa sales. Forest went public in 1967, started trading at $17.25, slowly and steadily went up to $55.38 per share in February of 1991 and did 2:1 stock split in March of the same year, next day trading started with opening price of $30.50 and closing price going up to $40.13. Forest